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Joint Venture Agreements starting

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What is Joint Venture?

A Joint Venture Agreement specifies the details of the business arrangements that have been made by two or more parties who have agreed to pool in their resources, data, technology to develop a property. The objectives of a Joint Venture include sharing of profits, reduce the risk factor for heavy investment, make optimum utilization of resources, gain economies of scale and achieve synergy.

A Joint Venture (JV) is a type of commercial partnership in which two or more parties agree to combine their resources to complete a specified goal. It might be to develop a specific project, such as a property, or to create technology. Each of the partners in a Joint Venture is accountable for the success or loss of the venture. It is a temporary partnership, established for a definite purpose, which may or may not use a specific firm name.

All About Joint Venture

Why register A Joint Venture?

Collaborative Investment
Depending on the conditions of the agreement, each participant in the venture provides a specific amount of initial investment to the project, easing some of the financial load imposed on each firm.
Technical Know-How and Competence
Each partner to the firm contributes specific experience and knowledge to the table, allowing the Joint Venture to develop aggressively in the desired direction.
Trustworthiness
It usually takes a long time for a new company to establish market credibility and a solid client base. For such businesses, creating a Joint Venture with a larger, more well-known brand might help them gain market awareness and reputation faster.
Competition Impediments
Avoiding competition and pricing pressure is another motivation for creating a Joint Venture. Businesses can sometimes efficiently construct barriers for rivals by collaborating with other companies, making it harder for them to access the market.

Documents / Details we need

Details of Parties & Purpose
Complete legal drafting defining details about Joint Venture rules, parties with rules and regulations
Company Details
A brief description of the company's primary business and its details.
Investment Information
Information on the investment of each party, their share, their assigned duties, roles, and rights concerning the partnership between them.

Important Clauses

Purpose and Scope
This clause shall specify the purpose of the Joint Venture and the scope thereto.
Shareholding Arrangement
The parties to the JV's shareholding pattern, as well as their monetary and other contributions, are detailed.
Management of the JVC
This clause mandates the management of the JVC to be conducted in accordance with the applicable law.
Business and Policies of the JVC
This clause includes the business details, business plans, and other concerns such as non-compete and non-solicitation.
Dividend Policy
A company's dividend distribution to shareholders must be structured according to the clause.
Indemnity Clause
The conditions under which the Joint Venture can be dissolved, as well as the notice time.
Transfer of Shares
This clause deals with the restrictions on the transfer of shares without consent and the Right of First Refusal.
Termination and Dissolution
This clause deals with termination in the event of default or with the dissolution of the JVC.

What's the process ?

1. Assessment
Our team will reach out to you to obtain the necessary information to assess the investment, scope, and share in the Joint Venture, as well as any other relevant pieces of information.
3. First Ready Draft
We will complete the first draft of the Joint Venture and email it to you for approval within 48 hours. Following approval, any necessary adjustments will be made and submitted to you on the agreed next date.
2. Due Diligence and Drafting
Once we receive the information, we will begin drafting the agreement from scratch, including defining the reason for entering into a Joint Venture, profit sharing, and consequences on its breach among other important clauses that will vary depending on the needs of each client.
4. Final Agreement
With a high-quality team of professionals, the entire process of creating the draft and delivering the final copy of the Joint Venture will be accomplished in 72 working hours.
1. Assessment
Our team will reach out to you to obtain the necessary information to assess the investment, scope, and share in the Joint Venture, as well as any other relevant pieces of information.
2. Due Diligence and Drafting
Once we receive the information, we will begin drafting the agreement from scratch, including defining the reason for entering into a Joint Venture, profit sharing, and consequences on its breach among other important clauses that will vary depending on the needs of each client.
3. First Ready Draft
We will complete the first draft of the Joint Venture and email it to you for approval within 48 hours. Following approval, any necessary adjustments will be made and submitted to you on the agreed next date.
4. Final Agreement
With a high-quality team of professionals, the entire process of creating the draft and delivering the final copy of the Joint Venture will be accomplished in 72 working hours.

Why choose us

PERSONALISED SERVICE

A dedicated Case Manager ensures quick turnout to all your queries and tailored solutions that fit perfectly for your requirements.

72 HOURS DELIVERY

All your drafting queries are addressed, understood, and delivered with quality under 72 Hours.

EXPERIENCED TEAM

Our team of dynamic professionals is well experienced and extremely proficient to cater to your needs, ensuring the best service.

24/7 HELPLINE

We are available to address and clarify all your queries round the clock. So you can worry less and focus more on the business.

Frequently Asked Questions

There are no distinct or specific rules governing joint ventures in India, they are controlled under applicable laws and regulations of the Indian Contract Act, Transfer of Property among other such acts in India.
A joint venture allows each partner to benefit from the resources of the other participant(s) without having to invest a lot of money on it. Each firm may retain its own identity while generating a healthy profit, and can quickly return to normal business activities after the joint venture is over, lowering and limiting risk while maximizing profit.
A joint venture can be founded for any legal commercial purpose; however, they are most commonly formed for the purposes of technology transfer, research and development, and the supply of technical know-how. They are also formed to assist both parties in a joint venture in growing. When entering a new market or nation, some firms form joint ventures with established enterprises.
A joint venture is formed to execute a specific project with specified objectives, and it ends after the project is completed. An exit strategy is critical because it lays out a clear path for dissolving the joint venture, avoiding lengthy talks, costly legal fights, unfair tactics, poor consumer effect, and potential financial loss.In most joint ventures, an exit strategy can come in three different forms: sale of the new business, a spinoff of operations, or employee ownership. Each exit strategy offers different advantages to partners in the joint venture, as well as the potential for conflict.

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